Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B
by
Decker
on 26/08/2024, 22:13:17 UTC
It seems there haven't been any recent project updates on Bitcointalk, so I'll try to fill this gap a bit. First and foremost, you should know that the tokenomics of the KMD (Komodo) coin will be changing very soon. According to the official announcement, the next season (S8) is expected to start after October 3, 2024.

What does this mean for regular users and KMD holders?

According to KIP0002, the block subsidy will be reduced to 1 KMD. This change will decrease the yearly coin emissions to approximately 526,000 KMD, which should reduce market sell pressure and allow previously created coins to appreciate in value over time.

Additionally, KIP0003 introduces a new policy where notary nodes will burn transaction fees. The main goal of this change is to enhance KMD's tokenomics by creating a deflationary effect.

Lastly, KIP0004 outlines plans for KMD to transition from PoW to PoS, though this is scheduled for 2025/2026.

Exciting changes, aren't they?

p.s. All of these proposals were voted on by the Komodo Community. You can view the results of these votes here. Use the dropdown list "Select vote..." to see the vote options and variants for each proposal.